Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Himax Technologies (HIMX)
NASDAQ:HIMX
Holding HIMX?
Track your performance easily
Earnings Data
Report Date
Feb 13, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.1Last Year’s EPS
$0.14Same Quarter Last Year
Moderate Buy
Based on 1 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: 29.75%
|Next Earnings Date:Feb 13, 2025
Earnings Call Sentiment|Neutral
The call highlighted stronger-than-expected financial performance driven by robust automotive and Tcon sales, despite an overall sequential revenue decline and challenges in large display drivers. The company maintains a strong cash position but faces challenges with inventory and operating cash flow.Company Guidance
During the Himax Technologies Q3 2024 earnings call, the company provided guidance for the fourth quarter, expecting revenues to be flat to slightly down sequentially. Despite macroeconomic challenges, Q3 financial results exceeded expectations, with revenues reaching $222.4 million, surpassing guidance of a 12% to 17% decrease. The gross margin held steady at 30%, aligning with prior guidance. Notably, Q3 profits per diluted ADS were $0.074, surpassing the projected range of $0.015 to $0.045. The automotive segment, a significant revenue contributor, saw a mid-single-digit decrease in Q3, outperforming expectations of a high teens decline. For Q4, automotive IC revenue is expected to resume growth, increasing single-digit sequentially. The company also anticipates strong growth in its automotive Tcon business, projecting over 80% growth compared to last year. Operating expenses in Q3 were $60.8 million, with an annual bonus compensation of $12.5 million in line with guidance. Looking ahead, Himax is optimistic about growth in automotive, AI, WLO, and OLED sectors, which are expected to drive future business growth.Better-than-Expected Financial Results
Q3 revenues of $222.4 million and profit per diluted ADS of $0.074 both surpassed guidance, primarily due to strong order momentum in automotive, tablet and Tcon product lines.
Automotive Business Resilience
Automotive driver IC sales experienced a mid-single-digit decrease but outperformed expectations of a high teens decline. Q4 automotive IC revenue is expected to increase single digits sequentially.
Tcon Sales Growth
Automotive Tcon sales saw an impressive sequential increase of over 30%. The business is projected to grow over 80% for the full year compared to last year.
Strong Cash Position
The company ended Q3 with $206.5 million in cash, cash equivalents and other financial assets, maintaining a strong cash position despite a $50.7 million dividend payment.
---
HIMX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
HIMX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $5.95 | $5.77 | -3.03% |
| Aug 08, 2024 | $5.86 | $5.72 | -2.39% |
| May 09, 2024 | $5.04 | $5.51 | +9.33% |
| Feb 06, 2024 | $5.45 | $5.37 | -1.47% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Himax Technologies (HIMX) report earnings?
Himax Technologies (HIMX) is schdueled to report earning on Feb 13, 2025, TBA Not Confirmed.
What is Himax Technologies (HIMX) earnings time?
Himax Technologies (HIMX) earnings time is at Feb 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HIMX EPS forecast?
HIMX EPS forecast for the fiscal quarter 2024 (Q4) is $0.1.
---